Frequently Asked Questions

All properties are valued at their full market value. Analysis of market sales will help in determining to what extent any differences in properties affect their value. Styles, size, condition, and location may affect property values differently. Similarly, property type, rents, expenses, and investment risk may affect commercial properties.

Each year sales that occurred between April 1, and March 31 will be analyzed and used to determine value.

Every year the City will be reviewing and analyzing sales of properties. If the market value increases or decreases, the City will consider these changes and make appropriate adjustments to the assessments reflecting the market value of the property as of April 1st of each year. These changes will reflect on your final tax bill each year.

Probably not exactly, all sales between April 1 and March 31 will be used to determine new assessments. Your purchase price is one sale out of hundreds that will be used in the analysis. Your assessment will reflect the most probable sale price you would expect to receive. Where comparable sales are rare or non-existent in your neighborhood, sales from similar areas in the City will be used to determine value.

Tax bills are issued twice a year, once in July and once in December. The July bill is typically half of the previous years total unless you have made physical changes to your property. The December bill reflects your "final value" for the year, the value determined after the sales analysis is completed.

You should review the information the City has on your home making sure it is accurate. If you find discrepancies, you should ask for an inspection of your home. You may visit the Assessing office located in City Hall.